Bancomext was founded in 1937 and operates by granting loans and guarantees, directly or through commercial banks and non-banking financial intermediaries, with the goal of assisting Mexican firms in increasing their productivity and competitiveness. Bancomext was represented on the Mexican delegation participating at the Havana Conference at which, for the first time, a multilateral agreement was sought to eliminate tariffs and restrictions on world trade. In accordance with Mexico’s National Development Plan, Bancomext’s purpose is to contribute to developing a Prosperous Mexico, characterized by economic and social growth, by financing foreign trade
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